In forex trading, the term "ellipse shape" is not a standard technical term, but can be interpreted in several ways, especially when analyzing price action or chart patterns. Below are some possible interpretations and uses of the ellipse shape in...
Crude Oil Price Outlook The discussion is currently on the analysis of the Crude Oil price behaviour. Yesterday, the pair steadily declined, eventually reaching the lower boundary of this channel. Although it didn't quite touch the target level of...
Bitcoine declines as options open interest reises: Bitcoin fell under 60K after a long week of investors taking profits and currently trades around $58500. Investors began taking profits after a brief rally last Saturday caused by a renewed...
Gold: What the Charts Reveal The discussion currently revolves around the analysis of the Gold price behavior. The entire week has concluded with gold remaining largely inactive, hovering above the support level 2489.00. A decisive break below this...
EUR/GBP (Euro/British Pound Rate) The EURGBP pair that is moving down has entered its third week and there is no signal that the price will move up. If we look at the ongoing downward rally, it seems that it can only be corrected upwards around...